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Liberty Purchases More Sirius Stock

9-6-2012

Last night Liberty Media filed another document with the SEC listing purchase dates of September 4th and September 5th for more Sirius XM stock. The filing says Liberty is purchasing another 5.5 million shares. Liberty CEO John Malone has made no secret of the fact that it wants to take control of Sirius XM by purchasing enough stock to become the majority shareholder. Two big questions; What will Liberty do with the company? And, what will Mel Karmazin do after his contract expires at the end of this year.